FOR SALE
$410,000

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Morningside QLD 4170

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4 Caretaking Only Businesses with Huge Upside!

4 Caretaking Only Businesses with Huge Upside Potential!
Expand your Management Rights Business or break into the world of Management Rights with this instant portfolio today! Situated in prime locations within an easy drive of each other and close to Brisbane CBD southside of the river, this is an opportunity you don't want to miss.
Introducing four Caretaking Only businesses with tremendous growth potential. These easily maintainable complexes come with a generous Body Corporate salary across all four businesses. Gardens and pool servicing are currently outsourced, offering the option to either keep these services in place or manage them yourself to maximise earnings.
The vendor is not pursuing any letting, providing a significant opportunity for the incoming purchaser to win back letting pool appointments from outside agents. Additionally, there has been no attempt to top up agreements, leaving substantial potential for increasing the business value.
- Total Body Corporate Salary: $117,527
- Accommodation Module: 15 years remaining on each complex
- ROI over 28%
Enquire today to secure your inspection of these exceptional complexes and fantastic portfolio opportunity. Don't miss out—contact us now!
**Ras360 – Management Rights | Motels | Hotels | Pubs | Parks**

Property Details for Contact Agent For Address, Morningside

Building Type
Commercial

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About Morningside 4170

The size of Morningside is approximately 5.4 square kilometres. It has 16 parks covering nearly 8.9% of total area. The population of Morningside in 2011 was 9,399 people. By 2016 the population was 10,484 showing a population growth of 11.5% in the area during that time. The predominant age group in Morningside is 20-29 years. Households in Morningside are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Morningside work in a professional occupation. In 2011, 48.1% of the homes in Morningside were owner-occupied compared with 48.3% in 2016.

Morningside has 6,543 properties. Over the last 5 years, Houses in Morningside have seen a 92.86% increase in median value, while Units have seen a 70.89% increase. As at 31 July 2024:

  • The median value for Houses in Morningside is $1,396,461 while the median value for Units is $750,379.
  • Houses have a median rent of $723 while Units have a median rent of $605.
There are currently 26 properties listed for sale, and 31 properties listed for rent in Morningside on OnTheHouse. According to CoreLogic's data, 348 properties were sold in the past 12 months in Morningside.

Suburb Insights for Morningside 4170

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Malcolm O'Farrell
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Nathan Eades
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RAAS Property Group
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.